Offshore Wind

  Offshore Wind Market Insights: During the anticipated period (2022-2030), the Offshore Wind Market is anticipated to expand at a CAGR of 21%, with a market share of USD 114.0 billion. The sector is primarily driven by increasing the generation of energy from renewable sources. During the projected period, the increase in investment in clean energy development is anticipated to fuel the growth of the worldwide market. In order to reach a total capacity of 20 gigawatts before the end of the century, Germany pledged to organise auctions for the development of offshore wind turbines to add more than 5 gigawatts. 332.1 billion USD were invested globally in the development of renewable energy, above the previous five-year average of 300 billion USD. Furthermore, the improved emission reduction rates brought on by the expansion of the economy represent a tremendous potential for the worldwide industry. Government policies and regulatory frameworks support the worldwide market, and they